Deals
US Airways’ Kirby Gains $1.37 Million After Stock Gain
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US Airways Group Inc. President Scott Kirby, who has helped lead the carrier’s push for a merger with bankrupt AMR Corp.’s American Airlines, earned a $1.37 million profit from a sale of the company’s stock.
The disposal of 114,862 US Airways shares occurred on Jan. 8 when the stock hit the $15 trigger price set last year when Kirby created the so-called Rule 10b5-1 plan, according to a U.S. Securities and Exchange Commission filing. The shares were valued at $3.10 when placed in the plan, the filing said.